Star Bulk Carriers (SBLK) AI Stock Analysis

• Market Cap: $2.34B
• Dividend Yield: 1.59%
• Average Volume (3M): 1.22M
• Price to Earnings (P/E): 38.8
• Beta (1Y): 1.12
• Revenue Growth: -13.87%
• EPS Growth: -82.48%
• Country: US
• Employees: 301
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.28
• Shares Outstanding: 114,585,310
• 10 Day Avg. Volume: 956,051
• 30 Day Avg. Volume: 1,217,461
• PEG Ratio: 0.09
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 1.29
• P/FCF Ratio: 3.95
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 2.76
• Enterprise Value/Gross Profit: 8.05
• Enterprise Value/Ebitda: 10.09
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $21.50 ▲(8.92% Upside)

Star Bulk Carriers' overall stock score reflects a mix of positive technical momentum and a stable financial structure, despite challenges in revenue and profitability. The earnings call provided a positive outlook, but high debt levels and valuation concerns weigh on the score. The stock's technical strength and earnings outlook are the most significant factors, while valuation and financial performance present notable risks.

Positive Factors

Fleet Optimization

Fleet optimization through strategic sales and acquisitions enhances operational efficiency and market competitiveness, supporting long-term growth.

Strong Financial Position

A strong financial position with substantial liquidity and positive net income supports stability and potential for future investments.

Positive Market Outlook

Projected expansion in dry bulk trade indicates favorable industry conditions, potentially boosting demand for shipping services.

Negative Factors

Declining Revenue

Declining revenue growth reflects challenges in maintaining sales momentum, potentially impacting profitability and market position.

Rising Debt Levels

High debt levels and ongoing amortization obligations can strain financial resources, limiting flexibility for strategic initiatives.

Coal Trade Contraction

Contraction in coal trade, a key cargo, may reduce shipping demand, affecting revenue and operational capacity utilization.

Star Bulk Carriers Business Overview & Revenue Model

Company Description

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels. The company also provides vessel management services. Star Bulk Carriers Corp. was incorporated in 2006 and is based in Marousi, Greece.

How the Company Makes Money

Star Bulk Carriers generates revenue primarily through chartering its fleet of vessels to transport bulk commodities for various customers, including commodity traders, producers, and end-users. The company operates under two primary revenue models: time charters and voyage charters. In a time charter, Star Bulk leases its vessels for a specified period, receiving a steady income regardless of the cargo transported. In a voyage charter, the company is paid based on the specific voyage and the cargo carried, which can fluctuate based on market rates. Additionally, Star Bulk benefits from long-term contracts with key customers, providing stability to its revenue streams. The company's strategic partnerships with industry players and its focus on maintaining a modern fleet contribute to its competitive edge and profitability in the dry bulk shipping market.

Star Bulk Carriers Financial Statement Overview

Summary

Star Bulk Carriers is facing challenges with declining revenue and profitability, as evidenced by negative growth rates and shrinking margins. However, the company has managed to improve its leverage position, reducing its debt-to-equity ratio. Cash flow generation has weakened, but the company still maintains a reasonable conversion of net income to free cash flow. Overall, while there are areas of concern, particularly in revenue and profit trends, the company's financial structure remains relatively stable.

Income Statement

Star Bulk Carriers has experienced a decline in revenue and profitability over the TTM period. The gross profit margin decreased from 46.04% in 2024 to 34.30% in TTM, and the net profit margin dropped from 24.07% to 5.85%. The revenue growth rate is negative at -7.11%, indicating a contraction in sales. However, the company maintains a positive EBIT margin of 10.98% and an EBITDA margin of 27.37%, showing operational efficiency despite the downturn.

Balance Sheet

The company's debt-to-equity ratio improved from 0.59 in 2024 to 0.50 in TTM, indicating reduced leverage. Return on equity has decreased to 2.52% from 12.28% in 2024, reflecting lower profitability. The equity ratio stands at 63.73%, suggesting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Free cash flow has decreased by 14.62% in the TTM period, indicating challenges in cash generation. The operating cash flow to net income ratio is 0.74, showing that cash flow from operations is lower relative to net income. The free cash flow to net income ratio is 0.88, suggesting that a substantial portion of net income is converted into free cash flow, although this has declined from previous periods.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.05B	1.27B	949.27M	1.44B	1.43B	693.24M
Gross Profit	360.43M	582.64M	394.75M	820.71M	930.25M	242.76M
EBITDA	287.58M	504.86M	334.84M	765.78M	887.19M	208.94M
Net Income	61.47M	304.65M	173.56M	566.00M	680.53M	9.66M
Balance Sheet
Total Assets	3.79B	4.09B	3.03B	3.43B	3.75B	3.19B
Cash, Cash Equivalents and Short-Term Investments	452.54M	425.07M	259.73M	284.32M	450.29M	190.51M
Total Debt	1.20B	1.46B	1.26B	1.29B	1.59B	1.56B
Total Liabilities	1.37B	1.60B	1.37B	1.41B	1.67B	1.64B
Stockholders Equity	2.42B	2.48B	1.66B	2.02B	2.08B	1.55B
Cash Flow
Free Cash Flow	241.26M	412.28M	317.69M	744.50M	636.92M	98.49M
Operating Cash Flow	275.08M	467.38M	335.78M	769.90M	767.07M	170.55M
Investing Cash Flow	173.08M	356.18M	235.52M	-20.87M	-121.26M	-66.33M
Financing Cash Flow	-462.40M	-644.42M	-595.89M	-935.95M	-368.07M	-34.95M

Star Bulk Carriers Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBLK, the sentiment is Positive. The current price of 19.74 is above the 20-day moving average (MA) of 19.07, above the 50-day MA of 19.03, and above the 200-day MA of 17.58, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 67.31 is Neutral, neither overbought nor oversold. The STOCH value of 86.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SBLK.

Star Bulk Carriers Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAC	81 Outperform	$1.76B	3.83	13.16%	3.64%	3.82%	-13.73%
CMRE	76 Outperform	$1.90B	6.30	14.98%	2.94%	-29.82%	-16.77%
NMM	76 Outperform	$1.54B	6.09	8.36%	0.39%	-1.33%	-33.66%
SBLK	67 Neutral	$2.34B	38.85	2.50%	1.59%	-13.87%	-82.48%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SFL	58 Neutral	$1.16B	-472.99	-0.15%	12.24%	-11.10%	-101.57%

Star Bulk Carriers Corporate Events

Star Bulk Carriers Reports Q3 2025 Results and Fleet Expansion

Star Bulk Carriers Corp. announced its unaudited financial and operating results for the three- and nine-month periods ended September 30, 2025, on November 18, 2025. During this period, the company completed the sale of several vessels and entered into agreements for acquiring three new Kamsarmax vessels, which are expected to be delivered by September 2026. These strategic moves are part of Star Bulk’s efforts to optimize its fleet and strengthen its market position in the dry bulk shipping industry.

The most recent analyst rating on (SBLK) stock is a Buy with a $21.50 price target. To see the full list of analyst forecasts on Star Bulk Carriers stock, see the SBLK Stock Forecast page.